Re: Need new wiring?
The recommendation from the U.S. Consumer Product Safety Council is that Federal Pacific Panels should be replaced.
The time frame you provided concerns me that you may have Aluminum wiring. While aluminum wiring in itself is not dangerous special caution in choosing devices and connectors used is necessary. The fact that you had burnt wiring suggest it would be best to have it checked out. If it is aluminum wiring you should have it checked by a electrician familiar with aluminum wiring and procedures.
If you do go with rewiring it may be necessary to make holes in the walls and ceilings to pull new wiring. These holes are generally not large and easily patched.
Be sure you live your life, because you are a long time dead.-Scottish Proverb